Obama Touts Manufacturing Institute in N.C.

President Barack Obama touted the creation of a new manufacturing hub aimed at creating jobs in a trip to North Carolina today, the first step to fulfilling a promise made during his 2013 State of the Union address.

The institute will be housed at North Carolina State University in Raleigh, includes an array of technology companies and is being funded by a $70 million grant from the Department of Energy. It’s the first of three such “innovation institutes” that the president promised, and will focus on researching and developing high-powered electronic chips used in consumer electronics and engines, the White House said.

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